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Feb 26, 2013
02/13
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CNBC
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they intend to roll out the first store in new york city. that's not for a while now. but more important they're spending big on the nordstrom website. nordstrom's is moving aggressively into mobile. last year, mobile devices accounted for a fifth of the total sales and it grew at a 31% clip last quarter. it can help the stock to continue to power higher in a world where everyone gets 3 and 4-g. the next gatsby component, how about ralph lauren. maybe this isn't the best example. this is the premiere high end apparel brand. nothing says preppy like polo. they earned 240 a share. these companies are doing better even if their stocks aren't. and it gave very healthy guidance for 2013. this is what happens when you have a brand that's perceived to be on the high end of things. the money flows in because people cannot resist a little conspicuous consumption. this can be a perilous game. look at coach. they're a dog because they're widely perceived as having fallen behind on the style curve with its merchandise. i don't think ralph lauren will fall prey because they have st
they intend to roll out the first store in new york city. that's not for a while now. but more important they're spending big on the nordstrom website. nordstrom's is moving aggressively into mobile. last year, mobile devices accounted for a fifth of the total sales and it grew at a 31% clip last quarter. it can help the stock to continue to power higher in a world where everyone gets 3 and 4-g. the next gatsby component, how about ralph lauren. maybe this isn't the best example. this is the...
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Feb 26, 2013
02/13
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CNBC
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we're a natural fit for the ultrahigh net worth russian buyer. >> the prices these guys are paying, whether it's new york, miami, los angeles, they are incredible, $100 million dollar place in california, $88 million the russian bought in new york city. $40 million, most expensive home ever bought in miami from a russian. why are these guys paying so much? what do they like for in the u.s. >> value. we're still in comparison to london quite inexpensive. if you look at london prices, you'll realize we're probably anywhere from 30 to 50% below the prices for comparable property in london. so value is one of the first items. new york is, again, one of the most prestigious places for anyone to buy. the russian market recognizes that. they are drawn to sexy locations. new york is as sexy as you can get. >> is it? i would have thought miami was a little sexier than new york. i would like to know as well, are they going for residential property or are we starting to see russians buy commercial property as well for development? >> up to the last few years, we've been seeing mostly residential inves
we're a natural fit for the ultrahigh net worth russian buyer. >> the prices these guys are paying, whether it's new york, miami, los angeles, they are incredible, $100 million dollar place in california, $88 million the russian bought in new york city. $40 million, most expensive home ever bought in miami from a russian. why are these guys paying so much? what do they like for in the u.s. >> value. we're still in comparison to london quite inexpensive. if you look at london prices,...
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Feb 26, 2013
02/13
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CNBC
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kayla tausche covering auction across the river in new york city. kayla. >> hey, tyler, well, jamie dimon in the hot seat. remember last week some shareholders called for that role to be split. we haven't heard from him on that point yet. we have heard about management change. lots of turnover, half the executives presenting today were in different roles last year. he begs to differ say too much change saying a lot are jpmorgan vets. the big news on cost cuts. that's why a lot of people looking at the stock down today. the bank is targeting $1 billion in cost cuts. among the ways they are going to get there, 4,000 net head count reductions. we should note they are going to be a lot of head count reductions over the next two years in the consumer banking unit. there could be as many as 19,000 jobs cut with the majority of those in the mortgage banking department as the mortgage environment improves here. that's not to say the consumer bank is shrinking. we heard from chase consumer banking ceo or retail banking ceo and he said they will open 200 bran
kayla tausche covering auction across the river in new york city. kayla. >> hey, tyler, well, jamie dimon in the hot seat. remember last week some shareholders called for that role to be split. we haven't heard from him on that point yet. we have heard about management change. lots of turnover, half the executives presenting today were in different roles last year. he begs to differ say too much change saying a lot are jpmorgan vets. the big news on cost cuts. that's why a lot of people...
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Feb 26, 2013
02/13
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CNBC
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the ten-city composite up 5.9%. the 20-city composite up 6.8%. david blitzer is the chairman of the s&p 500 index committee. david, welcome back. good morning. >> good morning. >> pretty good numbers to close out the year. people still trying to get their arms around how distressed properties are moving some of these prices, especially in key markets. >> that's right. i think the overall picture is very, very strong. the national index, which is up 7.3% for the four quarters, ended with the end of 2012. so really, all across the country things look good. only one city of all 20 was down on the year-over-year basis. >> still, though, i'm told the index is heavily skewed by the share of distressed. that's why atlanta could be down 17%. and now up 10% year-over-year. are these numbers, are they reflective of what's happening with real buyers? >> yes, i think they are reflective of what's actually happening with real buyers. what we've seen in city after city over the last couple of years is the city will get hit with a wave of foreclosure activity.
the ten-city composite up 5.9%. the 20-city composite up 6.8%. david blitzer is the chairman of the s&p 500 index committee. david, welcome back. good morning. >> good morning. >> pretty good numbers to close out the year. people still trying to get their arms around how distressed properties are moving some of these prices, especially in key markets. >> that's right. i think the overall picture is very, very strong. the national index, which is up 7.3% for the four...
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Feb 26, 2013
02/13
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CNBC
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today's "wall street journal" questions the big bonus citi paid lew. sounds a lot like revolving door crony capitalism. that's right. back with us now is mike ozanian, steve mcmahon, and kay bailey hutchison. mike, i don't know this guy. i don't know. i don't know why nyu had to give him a special severance payment. he left voluntarily. i don't know why citigroup had to give him a bonus. he went to the federal government. the stipulation was if you go work for the federal government, we will guarantee you a bonus. not if you go work for the red cross or a non-profit. this sounds to me like crony capitalism revolving door. >> you know what? i have so much respect for tim geithner, that to me this seems like such a downgrade. it's very disturbing to me. it bothers me even more than the nomination of chuck hagel. it just seems like the president is totally disengaged. no one vetted this guy. it's just crony capitalism, as you said. and the president spoke so vehemently for so long that this was something he was going to put a stop to. >> that's a key poin
today's "wall street journal" questions the big bonus citi paid lew. sounds a lot like revolving door crony capitalism. that's right. back with us now is mike ozanian, steve mcmahon, and kay bailey hutchison. mike, i don't know this guy. i don't know. i don't know why nyu had to give him a special severance payment. he left voluntarily. i don't know why citigroup had to give him a bonus. he went to the federal government. the stipulation was if you go work for the federal government,...
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Feb 26, 2013
02/13
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WETA
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the city's economy. so these are good jobs if you can get them. >> reporter: the average bonus is expected to come in at around $122,000. but good luck finding one of those jobs. j.p. morgan is the latest bank to announce it plans to slash at least 3,000 jobs, or a little less than 2% of its workforce this year. >> looking at 2013, our expectation is that there will still be downward pressure on headcount. >> reporter: dinapoli's office estimates every one job on wall street supports three jobs in other industries in the new york area. but while more job cuts could still be on the horizon for wall street, dinapoli says we're not likely to see the full extent of changes in the industry for at least another two years. >> wall street is an industry that is still transforming itself. we don't really know what the new normal is at this point, and i guess the one bit of good news, especially from a new york perspective, is that we saw healthier profits, bonus pool going up, and that certainly should help us in
the city's economy. so these are good jobs if you can get them. >> reporter: the average bonus is expected to come in at around $122,000. but good luck finding one of those jobs. j.p. morgan is the latest bank to announce it plans to slash at least 3,000 jobs, or a little less than 2% of its workforce this year. >> looking at 2013, our expectation is that there will still be downward pressure on headcount. >> reporter: dinapoli's office estimates every one job on wall street...
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Feb 26, 2013
02/13
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CNBC
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let me give you one example of what citi wrote, for example. shock waves across the market. this is what happens when the worst case comes through. high political uncertainty is negative for investments in italy. so this is quite bad. remember, this is a parliamentary system. so even though someone yesterday got the most votes, they didn't win. that is luigi bersani. berlusconi and grillo got a lot more votes than anyone expected. that's what led to gridlock and so no one is in control. silvio berlusconi, sounding exhausted, called into one of his networks this morning to chat with the news anchors there. first of all, he doesn't think there should be new elections, which is a possibility. when he was asked about interest rates rising in italy, he said, don't worry about interest rates. they are an invention. the markets are a little bit independent and a little bit crazy. and the fact that the spread is widening compared to german interest rates, why do we have to compare ourselves to the germans all the time? we don't have to. he hinted to a coalition with the left. he did
let me give you one example of what citi wrote, for example. shock waves across the market. this is what happens when the worst case comes through. high political uncertainty is negative for investments in italy. so this is quite bad. remember, this is a parliamentary system. so even though someone yesterday got the most votes, they didn't win. that is luigi bersani. berlusconi and grillo got a lot more votes than anyone expected. that's what led to gridlock and so no one is in control. silvio...
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Feb 26, 2013
02/13
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CNBC
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it's a shame we couldn't get the full information in. we've now got with the gridlock here, what is -- i know there are many options. what do you think is the most likely? is a fresh election more likely than us coupling together some kind of coalition? >> i don't think so. at least not yet. to address your question, the next government probably won't last its full five-year term. however, fresh -- >> what is the next government? >> well, we'll get to that. there's no mon date here for austerity. you have a fragmentation amongst political parties, cobbling together a coalition is going to be difficult. historically, a coalition takes three to four weeks and it's not likely to be any quicker with this result. we are looking in the short term in weeks and probably months of political uncertainty. we have presidential elections coming, too. but in terms of fresh elections, they can't happen as quickly as they did in greece where they happened a month later. >> bettrsani will be first up trying to form a government. berlusconi said today he'
it's a shame we couldn't get the full information in. we've now got with the gridlock here, what is -- i know there are many options. what do you think is the most likely? is a fresh election more likely than us coupling together some kind of coalition? >> i don't think so. at least not yet. to address your question, the next government probably won't last its full five-year term. however, fresh -- >> what is the next government? >> well, we'll get to that. there's no mon date...
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Feb 26, 2013
02/13
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FBC
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telling thousands of followers of the weekend that he was planning to reach out to the city's gang leaders to help protect the nation of islam. the 79 year-old reasons that those involved in street gangs are natural soldiers that can be taught what this so-called -- what he calls rather the science of war. chicago mayor push back against the remarks today saying chicagos gains are not the problem teeseven the problem, not the solution to improving public safety. a liberal think-tank closely aligned with the white house is being saved after the explosion of gun violence. the center for american progress say this city's increase in violent crime is linked to low wages, and that the way to reduce violence is by raising the minimum wage. the same organization that works with a former playboy ceo said just last month the chicagos murder rate could be blamed in part on climate change. of course. chicago residents most blamed the city's violence on gangs, like a parental violence and more police officers. >> the secretary of state is overseas. emergency across the nation. potentially deadly blizz
telling thousands of followers of the weekend that he was planning to reach out to the city's gang leaders to help protect the nation of islam. the 79 year-old reasons that those involved in street gangs are natural soldiers that can be taught what this so-called -- what he calls rather the science of war. chicago mayor push back against the remarks today saying chicagos gains are not the problem teeseven the problem, not the solution to improving public safety. a liberal think-tank closely...
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Feb 26, 2013
02/13
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FOXNEWSW
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in kansas city we had problem on the road. the road crews with bigamous, had a hard time staying ahead of it. it hit in the middle of the night so they were able to plow. cars on the street slipped around, a lot of them got stuck. the issue now is all of this snow that is stuck to the trees, that's weighing down the tree branches, that weighs into the power lines and hard for the power crews, utility crews to fix the lines. we got 40,000 people in the area right now without power, neil. >> neil: more than 2,000 nights cancelled in the past 72 hours, and it ain't over yet. right now old man winter taking aim at major midwest travel areas, including chicago's o'hare. >> mike had the exact right idea. it's everybody's problem when it hates o'hare. here are the latest numbers. look around up to. at it rush hour -- well, whacker drive along the river. wet, heavy snow, and the pictures don't do it justice. it's wintry mix of snow, sleet, freezing rain. a real mess out here. and of course coming at the worth possible time, and the sn
in kansas city we had problem on the road. the road crews with bigamous, had a hard time staying ahead of it. it hit in the middle of the night so they were able to plow. cars on the street slipped around, a lot of them got stuck. the issue now is all of this snow that is stuck to the trees, that's weighing down the tree branches, that weighs into the power lines and hard for the power crews, utility crews to fix the lines. we got 40,000 people in the area right now without power, neil....
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Feb 26, 2013
02/13
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FBC
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prices were up 6.8% year-over-year, with increases in 19 of 20 cities measured that is the best calendar year since 2000 five. let's head back to liz claman at the cme for the second part of her exclusive interview with acting treasury secretary neil wolin and find out what he has to say about too big to fail. liz? liz: i can tell you this, everybody at treasury agrees, including neil wolin, the acting treasury secretary. there is no taste for a bailout like we saw four years ago with aig and the other problems. he is was one of the architects of dodd-frank of the he worked on it very hard. there are people who say it doesn't do enough. there are other people like attorneys general from 11 states including oklahoma who last week was on fox business says it gives treasury too much power. i began asking him does dodd-frank truly eliminate keeping us the taxpayer on the hook from too big to fail banks? >> the statute made clear once and for all, taxpayers will not be on the hook for dealing with failed financial institutions. it creates the statute does, a whole process which the owners of
prices were up 6.8% year-over-year, with increases in 19 of 20 cities measured that is the best calendar year since 2000 five. let's head back to liz claman at the cme for the second part of her exclusive interview with acting treasury secretary neil wolin and find out what he has to say about too big to fail. liz? liz: i can tell you this, everybody at treasury agrees, including neil wolin, the acting treasury secretary. there is no taste for a bailout like we saw four years ago with aig and...
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Feb 26, 2013
02/13
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MSNBC
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as for snow, it looks like areas just south of kansas city will get snow. this is coming off another blizzard that happened this past week. it's brutal that way. >> you can't call us both nerds. people are going to look at you and not believe it. i try to look cool here. >> we both have blue on. that works. yeah. cool. >> no. thanks, appreciate it. >>> let's turn to sports. the game of the night. kansas against iowa state picking up in the final seconds of the game. a chance to put iowa state up by three. missed. now, kansas needs a two to tie it. alie jeh johnson was standing his ground, right? they call him for the foul. he can't believe it. look at his feet. he wasn't moving. the end of the game, in the paint, near the line. it gave kansas another chance to hit the foul shot. overtime, they pull away. 108 to 96 avoiding the upset at iowa state. well now to the nfl. another reason to dislike tom brady. that's not what it says. giving the patriots a hometown discount. he agreed to a three-year, $27 million contract extension to keep him in new england thro
as for snow, it looks like areas just south of kansas city will get snow. this is coming off another blizzard that happened this past week. it's brutal that way. >> you can't call us both nerds. people are going to look at you and not believe it. i try to look cool here. >> we both have blue on. that works. yeah. cool. >> no. thanks, appreciate it. >>> let's turn to sports. the game of the night. kansas against iowa state picking up in the final seconds of the game. a...
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Feb 26, 2013
02/13
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CSPAN
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in new york, it is more about the city of new york than the state of new york. the smoking bans did not hurt businesses. when everybody knew the rules, all the restaurants shifted over. this allows a more sophisticated way of dealing with the socialized costs so will we can share them more easily. if you create rules that everyone can follow, they will all do the right thing. otherwise, people will cherry pick and profit accordingly. i personally think each state will have to find their own way of going on this path. it is worth putting this in a document. ask mike bloomberg if this is good or bad. if we're talking about the impact of sodas, that was worth the risk politically to get that conversation going. there are many other states. fantastic improvement in some of the major urban areas like philadelphia. when you look at this places, they are simple things done well. real food, social infrastructure, michigan has its 4x4 tool. it ought to be about second opinions. it is not about the doctors not being good. only 10% of americans get second opinions for medi
in new york, it is more about the city of new york than the state of new york. the smoking bans did not hurt businesses. when everybody knew the rules, all the restaurants shifted over. this allows a more sophisticated way of dealing with the socialized costs so will we can share them more easily. if you create rules that everyone can follow, they will all do the right thing. otherwise, people will cherry pick and profit accordingly. i personally think each state will have to find their own way...
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Feb 26, 2013
02/13
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WETA
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not do it because of his own con city. >> ee. >> he's under a lot of pressure from the democratic wing of the democratic pert. >> rose: and how strong is the democratic wing of the democratic part and why does he care at this stage of the game. >> he cares because he has an agenda to do. these are his constituents. they helped elect him. he has to be responsive to them. he did float the idea of raising the retirement age from 65 to 67 for medicaid. we don't really know if that could happen again if the negotiations got serious. i'm not even sure that si a good idea. >> rose: that is the interesting thing about t you pointed this out in a weekend television appearance. sometimes they say they will do this and then they change. we are no longer willing to do that. so it's hard to get your finger in terms of exactly where we are talking about, at what stage was this promise made. and is it still viable. >> but in fairness to batt sides, life moves on. and whatever you said you might have done in the summer of 2011 it's now february of 2013. you're entitled to do something different or say
not do it because of his own con city. >> ee. >> he's under a lot of pressure from the democratic wing of the democratic pert. >> rose: and how strong is the democratic wing of the democratic part and why does he care at this stage of the game. >> he cares because he has an agenda to do. these are his constituents. they helped elect him. he has to be responsive to them. he did float the idea of raising the retirement age from 65 to 67 for medicaid. we don't really know...
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Feb 26, 2013
02/13
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WUSA
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why not enjoy the go with charmin ultra soft. >>> here's a look at today's forecast in some cities. in washington, atlanta, or st. louis, pack your umbrella. rain in all three cities. high of 40 in st. louis. denver, snow showers, 32. seattle, mostly cloudy, 48 degrees there. >>> heart disease is the leading cause of deaths for both men and women, killing about 600,000 people in the u.s. every year. now a new study says changing over to a mediterranean diet could reduce that risk. as we report, this way of better health includes wine. >> reporter: the study compared the mediterranean diet to a low-fat diet among nearly 7,500 patients at high risk for heart disease. after five years, those on the mediterranean diet had 30% less heart attacks, strokes, or deaths from heart disease. dr. tara narulo is a cardiologist at lenox hill support. >> the study is significant because diet is one of the most underestimated and easy ways to change your cardiovascular risk profile. >> reporter: the mediterranean diet includes extra virgin olive oil, nuts, fresh fruits, vegetables, beans, fish, and
why not enjoy the go with charmin ultra soft. >>> here's a look at today's forecast in some cities. in washington, atlanta, or st. louis, pack your umbrella. rain in all three cities. high of 40 in st. louis. denver, snow showers, 32. seattle, mostly cloudy, 48 degrees there. >>> heart disease is the leading cause of deaths for both men and women, killing about 600,000 people in the u.s. every year. now a new study says changing over to a mediterranean diet could reduce that...
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Feb 26, 2013
02/13
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FBC
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the warning from the kansas city fed ahead. tracy: the midwest hammered by snow, and energy markets are watching. david: speaking of energy as we do every day at this time, look at oil, down a tiny bit. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. david: more team coverage of the markets. tracy: charles payne showing us how to make money on proshares, but sandra smith watching gold. hey, sandy. >> hey, tray di, watching gold, traders on the floor reacting to ben bernanke's testimony just a few minutes ago. gold prices, if you take a look, surging on ben bernanke's testimony. gold's up now looking at a $28 gain, $27 gain, up a couple percent on the session. this is
the warning from the kansas city fed ahead. tracy: the midwest hammered by snow, and energy markets are watching. david: speaking of energy as we do every day at this time, look at oil, down a tiny bit. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort,...
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Feb 26, 2013
02/13
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KQED
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tragedy in the sky, a hot air balloon carrying tourists over the ancient city of luxor catches fire and crashes. 19 are killed. president obama explains those spending cuts to enable workers in virginia. it seems they are not impressed. >> it will affect a lot of people, and not just shipyard people. it will trickle down. >> and the emblem of afghanistan's hidden women is going out of style and sales in the capital are falling. welcome to our viewers on public television in america, and elsewhere around the globe. viewing injuns egypt -- viewing egypt's henchen sites from hot air balloon has long been a tourist attraction, but to date a tragedy. 19 people on board were killed near luxor.
tragedy in the sky, a hot air balloon carrying tourists over the ancient city of luxor catches fire and crashes. 19 are killed. president obama explains those spending cuts to enable workers in virginia. it seems they are not impressed. >> it will affect a lot of people, and not just shipyard people. it will trickle down. >> and the emblem of afghanistan's hidden women is going out of style and sales in the capital are falling. welcome to our viewers on public television in america,...
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Feb 26, 2013
02/13
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WMPT
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a hot air balloon carrying tourists caught fire over the ancient city of luxor and crashed in a field. the dead were from europe and asia. in addition, the egyptian pilot and one british man were hospitalized with burns. italy's politicians searched for a way forward today after an election that left a political stalemate. that, in turn, generated new fears of economic fallout. we have a report from jonathan rugman of independent television news. >> reporter: the news from rome has sent shock waves across europe. a rebellion against austerity, a rebellion, too, against their fossilized politicians. this man has upturned the old order. a comedian, with a 20-hour working week, tax cuts and a referendum on the euro. the clown turned potential king maker here. this taxi driver backed him. it was a protest vote, he told me. he might be a comedian but he can't be worse than what we've got. the extraordinary success of his grass roots movement has taken italy by complete surprise. if you're looking for a party headquarters for him here in rome you won't find one. all there is this room in th
a hot air balloon carrying tourists caught fire over the ancient city of luxor and crashed in a field. the dead were from europe and asia. in addition, the egyptian pilot and one british man were hospitalized with burns. italy's politicians searched for a way forward today after an election that left a political stalemate. that, in turn, generated new fears of economic fallout. we have a report from jonathan rugman of independent television news. >> reporter: the news from rome has sent...
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Feb 26, 2013
02/13
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CNNW
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. >>> vatican city, learning more about the future and what it holds for pope benedict xvi, final week cloud by scandal. >> the dow rallying from yesterday's big loss but not so for world markets. italy's election causing uncertainty. the government, europe's third largest economy, facing a deadlock. >>> egypt, tourists flying high above ancient egyptian sites plunging to their deaths when a hot air balloon explodes and crashes. >> 18 people have died. the local government has banned all other hot air balloon flights for now. it happened in luxor. the latest on the investigation. >> ian, let's start with what the theory is at the moment. there are reports of a gas cylinder exploding. describe what you've heard. >> reporter: well, michael, that's exactly what ware we're hearing. an the 1,000 feet a gas canister on the balloon exploded sending the balloon tumbling towards the ground. this comes from multiple reported from eyewitnesses. also eyewitness accounts that people were jumping out of the balloon as it tumbled toward the earth. right now we're hearing 19 people have been killed. t
. >>> vatican city, learning more about the future and what it holds for pope benedict xvi, final week cloud by scandal. >> the dow rallying from yesterday's big loss but not so for world markets. italy's election causing uncertainty. the government, europe's third largest economy, facing a deadlock. >>> egypt, tourists flying high above ancient egyptian sites plunging to their deaths when a hot air balloon explodes and crashes. >> 18 people have died. the local...
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Feb 26, 2013
02/13
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KPIX
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so again the city council votes today. if they skied to move forward, this will be a phasing out process so we actually won't see changes until january of next year. in san jose, elissa harrington, kpix 5. >>> an oyster farm in the point reyes national seashore has won a break from a federal court. a panel of three judges from the ninth circuit court of appeals granted an injunction that will allow the drakes bay oyster company to stay open for the time being. the owners are challenging a decision to deny a permit extension. arguments will be heard in san francisco in may. >>> today is the 20th anniversary of the first attack on the world trade center. thousands were injured and several killed when a truck bomb struck a garage in 1993. today the port authority will present a plaque to relatives of those killed if the first attack. >>> the parents of trayvon martin will be in new york for a delight vigil to remember their son killed a year ago in sanford, florida. neighborhood watch volunteer george zimmerman will go on tri
so again the city council votes today. if they skied to move forward, this will be a phasing out process so we actually won't see changes until january of next year. in san jose, elissa harrington, kpix 5. >>> an oyster farm in the point reyes national seashore has won a break from a federal court. a panel of three judges from the ninth circuit court of appeals granted an injunction that will allow the drakes bay oyster company to stay open for the time being. the owners are...
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Feb 26, 2013
02/13
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CSPAN
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their candidate of choice to the city council. shelby county, along with many examples examined by congress in 2006, highlights the importance of reauthorization of section 5 of the voting rights act. the constitutionality of the voting rights act is an important matter for the court to consider and continue to review and is important to the democratic ideals of this country. we believe the supreme court holds much deference to the considered judgment of the people's elective representative. since congress continues to find racial discrimination and voting is present and remains concentrated in many of the places covered by section 5. we expect the united states supreme court to continue to declare that section 5 of the voting rights act is critical to protecting minority voting rights, all voting rights, well into the 21st century. and mr. speaker, i reserve the balance of my time. i would be pleased to yield. mr. sensenbrenner: mr. speaker, i thank the gentleman from michigan for yielding. i was the principal author of the votin
their candidate of choice to the city council. shelby county, along with many examples examined by congress in 2006, highlights the importance of reauthorization of section 5 of the voting rights act. the constitutionality of the voting rights act is an important matter for the court to consider and continue to review and is important to the democratic ideals of this country. we believe the supreme court holds much deference to the considered judgment of the people's elective representative....
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Feb 26, 2013
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tracy: you mentioned 19 of 20 cities were up. the one city down is new york. is it because new york started a little later? we were late to the party here, weren't we? >> that is large eltment of that we look across 20 cities and look across at the big boom bust, half a decade back. there is pattern, if you lay one city on top of the other and match starting dates, it might be pretty similar. but the starting dates don't match up. it is a little late to the party. we have a different element. you and i were talking about how manhattan really reliant on bonuses from the financial industry. they're not coming as fast and furious as they used to be? >> the new york metro area heavily dependent on financial services. washington is heavily dependent on uncle sam. detroit unfortunate for them is heavily dependent on autos, so on, so forth. financials services is having rough moments here and there. second of all, compared to other industries, much higher portion of somebody's total compensation comes in a bonus. tracy: right. >> that compensation is likely to bounce
tracy: you mentioned 19 of 20 cities were up. the one city down is new york. is it because new york started a little later? we were late to the party here, weren't we? >> that is large eltment of that we look across 20 cities and look across at the big boom bust, half a decade back. there is pattern, if you lay one city on top of the other and match starting dates, it might be pretty similar. but the starting dates don't match up. it is a little late to the party. we have a different...
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Feb 26, 2013
02/13
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the snow still coming down in kansas city but light at best. heavy stuff is certainly around chicago and it snows all night. our desk calling me will we get planes in and out of chicago yes? probably. we won't get ethical all. snow is stretching across and snow in chicago will last another eight to 1 hours. even if it's half an inch of snow an hour it piles up. >> we'll see what happens. chad thanks. jason carroll is in peoria. we'll gate live report in our next hour. don't forget you can get the latest forecast, radar images on cnn.com/weather or on your cnn smartphone app. >>> now we turn to the name calling and political spinning that's monopolizing official washington today. we're only three days away from the forced budget cuts everyone is warning will be a disaster for regular people's lives, and for the u.s. economy. even though president obama insists he isn't trying to play the blame game he is in full campaign mode right now. let's bring in our chief white house correspondent jessica yellin with the latest. >> reporter: the president
the snow still coming down in kansas city but light at best. heavy stuff is certainly around chicago and it snows all night. our desk calling me will we get planes in and out of chicago yes? probably. we won't get ethical all. snow is stretching across and snow in chicago will last another eight to 1 hours. even if it's half an inch of snow an hour it piles up. >> we'll see what happens. chad thanks. jason carroll is in peoria. we'll gate live report in our next hour. don't forget you can...